A Toronto businessman accused of orchestrating a $12-million pandemic-related Ponzi scheme was arrested and charged with fraud by Toronto police on Monday, just hours after investigators discovered his location, CBC News has learned. A Toronto police spokesperson confirmed Cohen's arrest and the charges against him in an email to CBC News. (Submitted by Karrass Law)Cohen appeared in Ontario Court of Justice in downtown Toronto on Tuesday and was released on bail. In an email to CBC News, Cohen vowed to fight the allegations and denies he was avoiding anyone. They included Jeeps, Toyota Camrys, Honda Civics and BMW X3s bought at below market value, according to the court documents.

Source: CBC News April 08, 2022 22:01 UTC